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SDS 222: 2018 in Numbers

2018 in Numbers

Before the year ends, let’s look back on how 2018 looked like for the emerging technologies, data science, AI, and machine learning in this FiveMinuteFriday episode!

Was 2018 a great year? It’s time to find out so start tuning in!

Welcome to the SuperDataScience Podcast!

Today, we let the numbers speak! Discover if there were indeed significant developments that happen in the emerging fields. I, with the help of the SuperDataScience Team, compiled all the useful insights that we could review to prepare for the incoming year. 

Here are the exciting insights this year that we want to share with you!

Crypto Crash. During this year, Bitcoin fell by over 80% from its peak, and the cryptocurrency market as whole lost 80%. The crypto crash was worse than the dot-com bubble burst.

Data Scientists in Demand. I’ve said this a million times, there’s a significant demand for data scientists, and it still is growing. In fact, the US, especially NYC, San Francisco Bay Area and LA, is experiencing a shortage of data scientists.

E-Sports. E-sports became one of the fastest developing industries with mobile gaming as its largest segment. The global gaming industry grew by 13%, and its revenue reached 138 billion dollars this year.

Cambridge Analytica. This year, the public was made aware of the issue of online security when the Facebook-Cambridge data scandal happened. Data from 87 million Facebook users were used for political cause.

Apple’s Smartphone Market. Apple controls more than half of the smartphone market in the 4th quarter of 2018. Like Apple, Facebook, Microsoft, Google and Amazon also showed their dominance in their respective markets.

Autonomous vehicles. Self-driving cars was a big buzz this year. Google’s Waymo drove over 10 million miles this year – plus 7 billion miles driven in the simulation. Now, companies are investing more in improving transports.

Really Big Data. There’s 5 zettabytes or 5 trillion gigabytes amount of digital information available right now, and 90% of this information was only produced during the last two years. Companies are currently looking for efficient ways to handle the really Big Data.

China’s Leap into AI. China has stepped up this year. There are 14 Chinese AI companies right now valued at billion dollars. We’re about to enter the age of global artificial intelligence war.

Now, after listening to those insights and statistics, I wanna know what you think… will there be a continuation of key trends next year? Or is it time to give certain trends a rest?

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Full Podcast Transcript

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This is episode number 222, 2018 in Numbers.

Welcome back to the SuperDataScience Podcast ladies and gentlemen. Super excited to have you on this show and happy holidays. Merry Christmas and I hope you're having fantastic celebrations in this festive season. I hope you had a wonderful 2018 and you're looking for it to end even better, even more epic 2019 coming up.

We've only got a couple days left in this year and I wanted to pay tribute to 2018 by looking at some of the highlights, some of the most prominent things that happened in the year, in terms of numbers and statistics. So our team has prepared some interesting insights that you may have heard of, you may have not. But I'm very excited to share them with you and without further a due, let's dash right into it.

Number one. The crypto-crash. 2018 has been the year of the cryptocurrency crash. Bitcoin fell by over 80% from its peak and the cryptocurrency market as a whole lost 80%. With over $340 million deleted from the market cap in the first quarter of 2018. This has made the crypto-crash worse than the dot-com bubble burst in the early 2000s.

Alright number two, data scientists in demand. Demand for data scientists is the largest yet and it's growing. There is a shortage of over 150 data scientists in the US alone. With the biggest shortages in New York city, San Francisco-Bay Area and Los Angeles. There is also a large amount for data scientists all over the globe with 100s and even 1000s of open job position. Job positions in the UK, France, Germany, India, etc.

Okay number three, E-sports. The global gaming industry grew by 13% and reached a total revenue of $138 billion in 2018. That's $138 billion of revenue for this industry, just in 2018 alone. Making it one of the fastest developing industries. The largest segment continues to be mobile gaming.
Okay number four. Cambridge Analytica and in general we're talking about security, online security and hacking and things like that. So Cambridge Analytica. In march, it was confirmed that Cambridge Analytica accessed data from 50 million Facebook users. So that's 50 million Facebook users without their consent and used it for political purposes. The data was collected through a combination of voluntary participation in surveys, as well as personal information of all the people in the participants' network.

This marked a huge moment in the public's understanding of personal data and caused a big outcry. Facebook's share price fell by over $100 billion in just a few days and Mark Zuckerberg eventually testified in front of the US Congress.

Okay number five. Apple controls more than half of the smart phone market. In the fourth quarter of 2018 for the first time in history, Apple sold more than 50% of all smart phones sold during that period. This showcases the growing dominance of FAMGA, which is Facebook, Apple, Microsoft, Google and Amazon. So altogether they constitute the abbreviation FAMGA.

Amazon controls more than 50% of the global E-commerce. Google controls over 90% of the internet search market. Microsoft, 36% of the operating system market and Facebook dominates the social media. Similar trends can be seen in other industries like ride sharing where Uber and Lyft dominate, home sharing, where Airbnb dominates, cloud computing, where Amazon, Google and Microsoft dominate and media where AT&T, Time Warner, Disney, Verizon and Comcast dominate.

Autonomous vehicles. So what number are we up to? One, two, three, four, five, six. Autonomous vehicles. Google Waymo's self driving cars have driven over ten million miles with an additional seven billion miles driven in simulation. In the race to autonomous transports, companies are investing huge amounts of time, money and effort to overcome a variety of obstacles such as the ignition, different driving conditions, unexpected scenarios, low visibility and even behavioral prediction.

Okay number seven. Really big data. The amount of information stored in digital form worldwide is currently around five zeta bytes or five trillion gigabytes. Five trillion gigabytes in total. Over 90% of this information, here's the catch, 90% of this information was produced during the last two years. That's crazy, that's insane. So in total, five zeta bytes or five trillion gigabytes of information. 90% of it was produced in the last two years. Companies all over the world are scrambling to find new, more efficient ways of storing data and also of course, of analyzing it.

Number eight, China's leap into AI. China is continuing to invest massively in AI, hoping to bridge the gap between it and it's biggest competitors in the market, USA and Europe. While Europe continues to lead in research publications there are now 14 Chinese AI companies valued at over a billion dollars. To put this into perspective, Google acquired Deep Mind for $500 million in 2014, while iFlight Tech-co, a Chinese ignition giant has a market cap of $10 billion. We're truly in the age of global AI war.

And to finish off here are some quick, fun stats about where all this data is coming from and generally about the internet. We all use the internet. So here are some interesting things that I thought you might like to know about 2018 and in the internet in general.

There were over four billion internet users spanning the globe, or they are over four billion internet users spanning the globe. Asia continues to lead the trend of having the most internet users in the world. They have 49%, I bet you didn't know this, 49% of internet users are in Asia. Runners up include Europe, at 16.8%, Africa at 11% and Latin America, Caribbean, at 10.4%. Interestingly enough, North America makes up only 8.2% of all worldwide internet users. Very interesting.

Over 1.94 billion websites are on the internet right now. So almost 2 billion websites in the world. North America has the highest penetration rate with 88.1% of its people using the internet. seven billion search queries a day, worldwide are processed by Google. Some say that it's actually more than seven billion search queries are processed by Google per day and finally four million blog posts are published on the internet every single day.

So there we go, those are some stats some eight highlights of the year and some quick stats about the internet at the end. Hope you enjoyed this episode and I hope that's inspiring. It can be, on one hand it can be scary about all this AI, all this technology in the world we live in. But on the other hand, it can be inspiring and I hope you are inspired by this, entering 2019 with a lot of passion and strength and excitement about all the things that you can do in this world.

On that note, thank you so much for being part of this SuperDataScience community and the SuperDataScience movement. I look forward to seeing you throughout 2019 and until then, happy analyzing.

Kirill Eremenko
Kirill Eremenko

I’m a Data Scientist and Entrepreneur. I also teach Data Science Online and host the SDS podcast where I interview some of the most inspiring Data Scientists from all around the world. I am passionate about bringing Data Science and Analytics to the world!

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